Denver has great public art.

It is very common and is considered the most valuable type of lease because it protects the owner from most variable cost.

Even the playhouse is probably personal property, unless it appears somewhere in public records.Change the locks.

I am starting by one rental property and I want it to be under an llc for my own assets protection.- Should I buy the property under my name then I setup an LLC and somehow transfer the ownership?

If there were a somewhat common "fee" that could be agreed to between the parties, they would both be "protected" and in such a manner that was enforceable.

The fair housing laws specific a list of groups that are protected.

Property Cost $200,000.00 Repairs Needed $50,000.00 Number Of Units 10 AVG Rent Per Unit $475.00 Gross Schedule Income $4,750.00 Vacancy Allowance 10% $475.00 Gross Operating Income $4,275.00 Less Operating Expenses Accounting $25.00 0.58% Advertising 0.00% Insurance $125.00 2.92% Lawn / Snow $- 0.00% Repairs $85.50 2.00% **Since i guess high for repairs, i lowered this down to 2% Monthly Taxes $458.33 10.72% *** Renter pays Utilities Electric $- 0.00% Gas $- 0.00% Fuel Oil $- 0.00% Water / waste $- 0.00% Total Operating Expense $693.83 16.23% Net Operating Income $- 0.00% Property Cost With Repairs $250,000.00 25% Down $62,500.00 Additional Cash Down $- Remaining Balance $187,500.00 Gross Operating Income $4,275.00 Monthly Mortgage $1,875.00 Total Operating Expense $693.83 Monthly Profit $1,706.17 36% profit My formula always shoots higher on the cost to protect me.

In a lot of ways I believe the article is a slightly veiled attempt at using trust funds to protect assets.

How do I protect both parties to ensure that this goes accordingly?

(No break to investors.) http://www.whitehouse.gov/news/releases/2007/12/20071220-6.html The derog will be reported to the bureaus as Score Factor Code #22--"serious delinquency, derogatory public record or collection."